San Diego Professionals: I am hearing of a correction in 2017

[Cee Jay]

I work in commercial real estate and people/people who know experts are talking about a correction next year or soon. Aka a crash in the markets. Real estate market.. The market is at an all time high and besides obvious indicators as such... How do some of you experts know it is coming and why are you certain? Mind explaining where to research this topic on ones own. How can I start exploring on my own to predict a correction. Or know when it's actually going to happen. 

Thanks!

[Rob K.]

I am no expert, but what I do not see in San Diego is how we get from the present extremely low inventory levels (especially on the coast and the lower priced $800k and below market) to an excess inventory level which I believe would have to be a precursor to any significant price drop. So I think it could be a while before we see any significant correction. We don't presently have the loose financing and overbuilding that led to the last downturn. What we do have is a fairly steady job market compared to other areas and abundant liquidity looking for yield.